Dealerships Lose Market Share on Service
Survey shows other shops surpassed them for the first time as the service pie grows.
Survey shows other shops surpassed them for the first time as the service pie grows.
The nods, topped by best new model - the Toyota Prius - are based on analysis of vehicle-related data, including pricing, consumer reviews and ratings, five-year cost-to-own information.
Volume fell to a five-year low for the month, though revenue had a healthy bump.
Cox study show buyers and dealers see the benefits, though it needs work.
Cox says their sales fell 10% month-over-month, though they’re still outdoing overall used market for the year.
Cox Automotive research shows sales fell 3.5% year-over-year.
Y-O-Y change comes despite strikes, flat incentives, Cox says.
But report says that models are still selling for much more than before Covid, and at older ages.
October loosening makes three-month trend, but access still tighter than a year ago.
Retail sales, meanwhile, were up in October, Cox says.
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